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Business, 12.08.2020 08:01 jasminemonae62

Data pertaining to the current position of Forte Company are as follows: Cash $412,500
Marketable securities 187,500
Accounts and notes receivable (net) 300,000
Inventories 700,000
Prepaid expenses 50,000
Accounts payable 200,000
Notes payable (short-term) 250,000
Accrued expenses 300,000

Required:
Compute:
a. The working capital.
b. The current ratio.
c. The quick ratio.

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Answers: 2

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Data pertaining to the current position of Forte Company are as follows: Cash $412,500
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